coal india (Emkay) Has not taken a call on July price hike; looks unlikely

Production - guiding for 452/470 mn MT in FY12E/13E (growth of 4-5%) and expect normalcy in growth (6-7%) to return in FY14E; Dispatches - remains a real problem as inventory stands at about 71mn MT; Wage hike - due in July, might take significant time to finalize (last time it took 2.5 years), extent is not likely to be lower than 24% (last hike)
Date Rating Target Price Recommendation Price Broker house
27 Apr 2011 not rated -- 370 Emkay Report

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